A Comprehensive List of What’s Changing on the 2018 FRM Exam
The Global Association of Risk Professionals (GARP), which bestows the Financial Risk Manager® credential, regularly updates its curriculum to ensure FRM candidates are tested on the latest financial risk and analysis methods.
This year sees notable changes to both Part 1 and Part 2 of the FRM curriculum. To help you fully prepare for the FRM exam, Wiley has provided a line-by-line comparison of the 2018 and 2017 curriculum.
Updates to 2018 FRM Curriculum – Part 1
There are relatively few changes to the FRM Part 1 curriculum.
Updated Book Version:
- John C. Hull, Options, Futures, and Other Derivatives, 10th Edition (latest edition)
As a result of this update, some of the Learning Outcome Statements tied to this reading have been adjusted.
Updates to 2018 FRM Curriculum – Part 2
Candidates taking Part 2 of the FRM examination in 2018 will see the biggest changes from 2017 with two new readings and five extensive revisions.
Two readings were completely rewritten and are new for 2018:
- CounterParty Risk Intermediation [CR-13]
- Sound Management of Risks related to Money Laundering and Financing of Terrorism ( Basel Committee on Banking Supervision, June 2017) [OR-25]
Five readings were revised for 2018:
- Counterparty Risk [CR-9]
- Netting, Close out and Related Aspects [CR-10]
- Credit Exposure and Funding [CR-12]
- Default Probabilities, Credit Spreads and Funding Costs [CR-14]
- Credit and Debt Value Adjustment [CR-15]